MBC Group, the Dubai and Riyadh-based pan-Arab broadcaster, will reportedly mount an IPO next year. Reports out of the Gulf say that MBC is working with investment bankers HSBC and JPMorgan Chase on the potential plan. At the moment, the amount to be raised and the structure of the float are unclear. Current ownership of […]
Broadpeak has declared its initial public offering (IPO) on Euronext Growth Paris was a “major success”. The streaming tech specialist hit its total gross transaction of €20 million. The offer oversubscribed 1.5 times with total demand of €28.3 million, including €25.1 million requested by institutional investors and €3.2 million requested by individual investors. The company […]
Elon Musk says that he is unlikely to take his Starlink broadband-by-satellite system into public ownership for another three to four years. Musk emphasised, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public. “I’m not sure exactly when that [IPO] is, […]
Video streaming software solutions provider Broadpeak has had its Registration Document approved by France’s stock market regulator, l’Autorité des Marchés Financiers (AMF). This approval marks the first step in Broadpeak’s planned IPO on the Euronext Growth market in Paris, which remains subject to market conditions and AMF approval of the relevant prospectus. “Since its creation, […]
Elon Musk will be hoping for more luck with a launch of 46 of his Starlink broadband satellites today (February 21st) at 9.44am EST time. The last batch of Starlinks launched on February 3rd saw 40 totally destroyed by a geomagnetic storm. This latest launch on a Falcon 9 rocket from Florida’s Cape Canaveral Space […]
The planned purchase by Nvidia of software giant Arm Holdings from Japan’s SoftBank has been scrubbed. The financial community had for some time been doubtful that the deal would go ahead given that any combined semiconductor company was certain to face regulatory scrutiny. The cancellation also brings into question as to what SoftBank’s next move […]
Isotropic Systems, a developer of transformational broadband terminal technologies, has raised over $37 million (€31.6m) in an equity financing round, which fully funds the development of its multi-link antennas through to product launch in 2022. The round is led by Seraphim Space Investment Trust PLC – the world’s first listed space tech fund – in […]
Al Yah Satellite (YahSat) started trading on the Abu Dhabi stock exchange on July 14th. The company, backed by sovereign wealth fund Mubadala, confirmed that it expected its next satellite to launch in H2/2023. Ali Al Hashemi, the operator’s CEO, said: “The launch is [in] the second half of 2023 and by the second half […]
The IPO for Al Yah Satellite Communications (YahSat) was priced at 2.75 Dirhams (€0.63) per share, in the middle of the proposed indicative range, and interest was strong. Currently owned by Abu Dhabi’s sovereign wealth fund Mubadala, the 40 per cent of the company of offer gives YahSat a market capitalisation of 6.7 billion Dirhams. […]
Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows it could raise up to 2.97 billion Dirhams (about $810 million) in what will be the first IPO on the Abu Dhabi stock exchange since 2017. The indicative range extends […]